Start reading The Astonishing Collapse of MF Global on the free Kindle Reading App or on your Kindle in under a minute. Don't have a Kindle? Get your Kindle here.

Deliver to your Kindle or other device

Enter a promotion code
or gift card
 
 
 

Try it free

Sample the beginning of this book for free

Deliver to your Kindle or other device

Sorry, this item is not available in
Image not available for
Color:
Image not available

To view this video download Flash Player

 

The Astonishing Collapse of MF Global [Kindle Edition]

Matt Koppenheffer , John Reeves , Molly McCluskey , Tim Beyers , Alex Dumortier
3.0 out of 5 stars  See all reviews (1 customer review)

Kindle Price: $0.99

Free Kindle Reading App Anybody can read Kindle books—even without a Kindle device—with the FREE Kindle app for smartphones, tablets and computers.

To get the free app, enter your email address or mobile phone number.

Kindle Delivers
Kindle Delivers
Subscribe to the Kindle Delivers monthly e-mail to find out about each month's Kindle book deals, new releases, editors' picks and more. Learn more (U.S. customers only)

Book Description

How do you lose $1.2 billion seemingly overnight? How does a man who once ruled Wall Street (and an entire state) fall so far so fast? Who knew what…and when? The Motley Fool dispatched an all-star team of analysts to investigate the MF Global story, and this e-book is the result.

The disastrous collapse of futures broker MF Global has many narratives: The failure of a 200-year-old company, the mysterious disappearance of $1.2 billion of supposedly segregated customer money, the fall from grace of former Goldman Sachs Chairman and prominent politician Jon Corzine, the "no-risk" repo-to-maturity trade that (surprise!) had serious risk after all, and the failure of watchdogs to notice any of this.

In this e-book, our team of Motley Fool writers pushes aside the curtain to reveal the circumstances surrounding the collapse of MF Global, the eighth-largest bankruptcy in United States history. We undertook extensive research that included scouring thousands of pages of primary-source documents and interviewing current and former MF Global employees, clients, lawyers, regulators, and other experts and industry participants. We've pieced together a picture that is in many ways uncomfortably familiar. Yet it also brings new lessons that highlight an urgent need for reform.

Our aim here is to make sense of a very complex story. We hope we have succeeded in our task.


Product Details

  • File Size: 763 KB
  • Print Length: 74 pages
  • Publisher: The Motley Fool (January 10, 2012)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B006WC6IWY
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #597,878 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
  •  Would you like to give feedback on images?


Customer Reviews

3.0 out of 5 stars
(1)
3.0 out of 5 stars
5 star
0
4 star
0
2 star
0
1 star
0
Share your thoughts with other customers
Most Helpful Customer Reviews
2 of 2 people found the following review helpful
Format:Kindle Edition|Verified Purchase
It is a good account of the fall of MF Global. It provides a broad review of the different actors that were involved in the process (or should have been involved!). The different mechanics are well covered although the story could have been improved with a few diagrams to portrait the overall lay-of-the-land and the strength (legal or non-legal) of the links between the different actors. There is one unfortunate detail: the book doesn't run the story to its full end, namely what happened to the approximately US$120B of missing funds that should have been untouched as they were held in the supposedly sacrosanct future commodity trading accounts. That story is still unfolding apparently but it is almost as if you've bought a detective story and the last 10 pages are missing.....

An excellent precursor to this story is the book from David Faber on the financial crisis of 2007 (And Then the Roof Caved In: How Wall Street's Greed and Stupidity Brought Capitalism to Its Knees [Paperback]).
Comment | 
Was this review helpful to you?
Search Customer Reviews
Search these reviews only

More About the Author

Discover books, learn about writers, read author blogs, and more.

What Other Items Do Customers Buy After Viewing This Item?


Forums

There are no discussions about this product yet.
Be the first to discuss this product with the community.
Start a new discussion
Topic:
First post:
Prompts for sign-in
 


Look for Similar Items by Category